Bitcoin ETFs Rise With $12.9M Gains While Ether ETFs Struggle

September 17, 2024 Bitcoin.com

Bitcoin

According to the latest crypto exchange-traded fund (ETF) data, spot bitcoin ETFs snagged $12.9 million in gains on Monday, while spot ethereum ETFs faced a $9.51 million loss. Bitcoin ETFs Continue to Grow, While Ethereum Funds Lose Ground Leading the charge among the 12 bitcoin funds was Blackrock‘s IBIT, which pulled in $15.82 million in […]

Investor Chris Burniske Explains How Memecoins Will Force Change in Valuation Approach for Other Crypto Projects

Google Trends Data Reveals Cooling Interest in Bitcoin Amid Market Uncertainty

September 2, 2024 Bitcoin.com

Bitcoin

As bitcoin prices slipped under $60,000 in early September, the once-electric excitement around bitcoin seems to have dimmed, as reflected in Google Trends data. Back on Jan. 1, 2024, the search term “bitcoin” was coasting along with a score of 57 out of 100, but fast forward to now, and it’s plunged to 32. When […]

Investor Chris Burniske Explains How Memecoins Will Force Change in Valuation Approach for Other Crypto Projects

Coinbase, KuCoin, others file crypto license applications in Turkey

August 18, 2024 Coin Telegraph

Binance

As the Turkish Capital Markets Board continues to update the list and companies work to meet regulatory requirements, the Turkish crypto market is poised for significant changes.

The Turkish cryptocurrency landscape is experiencing a major transformation as prominent companies like Coinbase and KuCoin compete to obtain business licenses in the country.

This surge in applications fol lows regulatory updates by the Turkish Capital Markets Board (CMB), marking a critical juncture for the nation’s burgeoning crypto sector.

On Aug. 9, the CMB announced that 47 cryptocurrency companies had initially applied for licenses under new regulatory frameworks. This list, however, has now expanded to 76, with notable additions such as Coinbase, KuCoin and Gate.io.

Investor Chris Burniske Explains How Memecoins Will Force Change in Valuation Approach for Other Crypto Projects

US Marshals likely selling Silk Road Bitcoin, says lawyer

August 17, 2024 Coin Telegraph

asset forfeiture

The lawyer’s claims spark questions about market stability amid the potential sale of Silk Road Bitcoin by the US Marshals.

United States finance lawyer Scott Johnsson has said the US Marshals Service (USMS) is almost certainly in the process of selling Bitcoin seized from the infamous Silk Road marketplace.

Johnsson’s assertions are grounded in a service agreement signed between the USMS and Coinbase in June. According to Johnsson, this agreement indicates that once Bitcoin (BTC) reaches Coinbase Prime, it is a clear sign that the USMS has either sold or is about to sell these assets.

Johnsson explained that the USMS has been sending Bitcoin to a custodial address in accordance with the agreement’s terms.

Investor Chris Burniske Explains How Memecoins Will Force Change in Valuation Approach for Other Crypto Projects

Mixed Fortunes for US ETH ETFs: Blackrock, Fidelity and Bitwise Thrive Amid Market Shifts

August 12, 2024 Bitcoin.com

bitcoin.com

Twenty days have passed since the debut of U.S. spot ethereum exchange-traded funds (ETFs), encompassing 14 trading sessions to date. During this period, the overall net inflows have dipped to a loss of $405.94 million. Nevertheless, Blackrock’s ETHA and Fidelity’s FETH have witnessed significant gains. ETHA’s net inflows are approaching the $1 billion milestone, while […]

Investor Chris Burniske Explains How Memecoins Will Force Change in Valuation Approach for Other Crypto Projects

2024 Crypto Rollercoaster: BOME Soars 11,931% as W Slides 84%

August 11, 2024 Bitcoin.com

bitcoin.com

It’s been seven months—or precisely 223 days—since 2024 kicked off, and several digital currencies have experienced impressive gains. Leading the pack are two meme coins, BOME and MOG, which have skyrocketed by 11,931% and 3,733%, respectively, over this period. Crypto’s Year-to-Date Gainers and Losers In 2024, statistics reveal that several crypto assets have achieved impressive […]

Investor Chris Burniske Explains How Memecoins Will Force Change in Valuation Approach for Other Crypto Projects

US Spot Bitcoin ETFs Record $45M Inflows as Ether ETFs See $24M Outflows

August 8, 2024 Bitcoin.com

Bitcoin ETFs

U.S. spot bitcoin exchange-traded funds (ETFs) reported inflows on Wednesday, while spot ether ETFs experienced net outflows. Data reveals that 12 spot bitcoin ETFs collectively gained $45.14 million, whereas $23.68 million exited ethereum ETFs. Spot Bitcoin ETFs Gain, While Ethereum ETFs Shed Losses On Wednesday, sosovalue.xyz stats show the 12 U.S. spot bitcoin ETFs saw […]

Investor Chris Burniske Explains How Memecoins Will Force Change in Valuation Approach for Other Crypto Projects

Double-Digit Crypto Losses Sweep the Market—Over 60 Coins in Freefall

August 5, 2024 Bitcoin.com

bitcoin.com

Presently, the cryptocurrency market is experiencing a significant downturn, with bitcoin dropping 24% this week and ethereum shedding 30% against the U.S. dollar. While these losses are notable, some digital currencies have fared even worse, with only a handful managing to buck the trend. Dozens of Crypto Coins See Percentage Losses, A Few Tumble 50% […]

Investor Chris Burniske Explains How Memecoins Will Force Change in Valuation Approach for Other Crypto Projects

Bitcoin Mining Squeeze: July Revenue Hits Lowest Monthly Intake of the Year

August 3, 2024 Bitcoin.com

Bitcoin mining

In July, bitcoin miners earned $951.11 million, marking the lowest monthly revenue of the year. Out of this total, $24.9 million was generated from transaction fees, reflecting a trend of low onchain fees. July Bitcoin Mining Revenue Plummets to a 2024 Low The month was particularly challenging for bitcoin miners, as earnings hit their lowest […]

Investor Chris Burniske Explains How Memecoins Will Force Change in Valuation Approach for Other Crypto Projects

2,200 letters of support for ‘Bitcoin Strategic Reserve’ bill sent to US senators

August 3, 2024 Coin Telegraph

bipartisan support

Senator Cynthia Lummis introduced the bill on July 31, which would direct the US government to start a reserve Bitcoin fund.

Over 2,200 letters were sent to United States senators in 48 hours urging them to co-sponsor and support Senator Cynthia Lummis’s newly proposed Strategic Bitcoin Reserve bill.

In a post on X, Lummis expressed gratitude for the support given to the Strategic Bitcoin Reserve bill.

In an Aug. 3 X post, Dennis Porter, founder of the Satoshi Action Fund, said that Democratic Party senators received 1,333 letters, Republican Party senators received 850, and Independents received 41. This bipartisan outreach demonstrates that interest in Bitcoin (BTC) and its potential strategic value crosses political and ideological lines.

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